Africa-Press – Angola. Angolan economist Daniel Sapateiro advocated this week in Luanda for greater dissemination abroad of the opportunities and advantages of investing in Angola.
Speaking about the 17th United States-Africa Business Summit to take place in Luanda on June 22 to 25, Daniel Sapateiro considered it essential for Angolan diplomatic representations to intensify contacts with various financial institutions, investment funds, business associations, and chambers of commerce.
“The economic diplomacy that the Angolan government has been developing for more than six years needs to be further intensified by diplomatic representations,” he stressed.
The economist considered that holding the summit in Angola will bring together US interests with a view to boosting infrastructure, training, telecommunications and information technology, as well as food security.
Sapateiro stressed the need to attract more foreign direct investment outside the province of Luanda to the information technology, transport, and vocational training sectors.
The economist said that the Angolan government should subdivide and develop infrastructure in industrial zones and create integrated warehouses to attract more foreign direct investment.
“Given the challenging times the world is going through, Africa is becoming an attractive continent and will receive preferential treatment in trade relations with the United States of America,” he said.
In this regard, the expert predicts that the summit will reduce tariff barriers on exports of products to the US.
Daniel Sapateiro believes that the emergence of US private companies in Africa, not only linked to the extraction, research, exploration, and transportation of crude oil, but essentially in the industrial sector, combined with know-how, will foster the growth of the continent’s economies.
“Africa must take on more responsibility and intensify pro-development policies, increasingly promoting political, economic, and social stability, as these are fundamental elements for development and the quality of life of citizens,” he stressed.
He believes that Angola and the countries connected to the Lobito Corridor present an opportunity to attract investment and leverage infrastructure, as well as to boost the potential of the project, which runs from the Port of Lobito (Benguela) to Luau, in the province of Moxico, on the border with the Democratic Republic of Congo.
For the success of this 17th US-Africa summit, Daniel Sapateiro recommends consistency and transparency to African government officials and business leaders in order to attract the largest volume of direct investment and partnerships.
The 17th United States-Africa Business Summit is promoted by the Corporate Council on Africa (CCA), a business association focused exclusively on connecting commercial interests between the United States and the African continent, in partnership with the Government of Angola.
Under the slogan “Pathways to Prosperity,” the meeting is expected to draw around 3,000 people, including businesspeople and government officials, to reflect together on issues related to infrastructure, agriculture, electricity, health, and other cross-cutting issues affecting African countries.
The last edition of the US-Africa Summit took place from May 6 to 9, 2024, in the city of Dallas, United States.
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